Ennis (EBF) Q4 2025 earnings summary

Executive summary

• Fiscal year revenue declined 6.1% to $394.6M; Q4 revenue down 4.8% year-over-year to $92.7M.

• Net earnings for the year were $40.2M, down from $42.6M last year; Q4 net earnings were $9.0M, down from $10.1M.

• Gross profit margin for Q4 rose to 29.5% from 28.4% year-over-year; full-year margin stable at 29.7%.

• EBITDA for Q4 was $16.5M (17.8% of sales), down from $18.1M (18.6%) in prior year quarter.

• Completed ERP implementations at recent acquisitions, contributing $13.2M in annual revenue.

Financial highlights

• Q4 diluted EPS was $0.35, down from $0.39 year-over-year; full-year diluted EPS was $1.54, down from $1.64.

• Interest income for the year rose to $4.9M from $4.0M, but Q4 interest income fell to $0.8M from $1.3M due to a special dividend and lower rates.

• Cash and short-term investments totaled $72.5M at year-end; no debt.

• Returned $92.0M to shareholders in dividends, including a $2.50 per share special dividend.

Outlook and guidance

• Management expects to maintain strong financial position and continue pursuing acquisitions without incurring debt.

• Anticipates timely access to credit for larger acquisition opportunities.

• Focus remains on profitability and shareholder value through dividends.